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Exxon
| Category: Brand Ratings -> Oil -> Exxon |
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Exxon Revenue: $477.00 billion
Greenopia Environment Achievement:
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The Commendable: Exxon publishes a pretty good sustainability report, although it is missing a stat that we were tracking for this study (oil spill volume). That being said, their reporting is still better than several of the other oil companies out there. Exxon also has some positives in its production. It uses small amounts of water relative to how much oil it produces and Exxon had a very small number of spills when normalized against their production. This is good news especially given some of the Exxon’s history with spills. The Questionable: Exxon’s biggest issue is really its emissions. In 2009 it emitted 128 million tons of greenhouse gases. This is much more than any other oil company. Granted, Exxon is the largest, but even when you scale this number to their revenue and/or their production it is still on the high side. To be fair, this is a significant reduction from 2008’s number. Exxon also has a very high waste number when scaled against production. We hope to see them continue to get more efficient in the future. Spills Happen: Still accused of not taking responsibility with its oil spills, Exxon got nailed for a spill in Brooklyn, New York a few years ago that was larger in total amount spilled than the Exxon Valdez. Why didn’t we read about it in the papers? The spill had been taking place from the 1800s to 1900s and Exxon supposedly did nothing to address it. This spill is estimated at a staggering 17-30 million gallons opposed to the Valdez’s 11 million. Greenopia Verdict: Exxon looking at renewable energies? We were as surprised as anyone. Exxon still has work to do to clean up its image, but isn’t as bad as everyone makes them out to be (at least relative to other oil companies). |
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